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Buy E.co and Support a Charity of Your Choice

A few weeks ago, I wrote about the .CO Registry’s Founder’s Program, a program in which web developers with a great plan can be awarded a .CO domain name before others have the opportunity to acquire them. Techcrunch was recently awarded Disrupt.co, and the company has used the domain name for its Disrupt conference currently being held in New York City.

I just learned that Sedo has teamed up with the .CO Registry and together they will be auctioning off the premium, one letter domain name E.co, with the proceeds from this auction going to the charity of the winning bidder’s choice. As you may recall, E.biz was recently auctioned and the bidding ended at over $66,000.

The bidding for E.co will run from June 7 – June 10th, and it will conclude at 4pm. The auction coincides with Internet Week, an event in New York City that celebrates everything related to the Internet, including domain names. To give domain investors and others more of an opportunity to bid, the last hour of the auction “will be conducted live from Internet Week’s broadcast stage and simulcast at both the Internet Retailer (Chicago) and TRAFFIC (Vancouver) shows, allowing conference attendees at all three events and online participants from around the world to be a part of the action.”

With the proceeds of the domain auction going to a charity selected by the winning bidder, I think this is going to exceed the E.biz auction by a wide margin.

The full press release from Sedo is below and you can learn more about this by visiting E.co

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Sedo, the leading online domain marketplace, today announced it will support the highly anticipated introduction of the .CO top level domain name (TLD) by powering an historic charity auction for E.CO.   The auction, which runs from June 7 at 12 pm EDT to June 10 at 4 pm EDT, will be hosted by .CO Internet S.A.S. at   Internet Week, a festival in New York City celebrating all things Internet.   The last hour of bidding – June 10 from 3-4 pm EDT — will be conducted live from Internet Week’s broadcast stage and simulcast at both the Internet Retailer (Chicago) and TRAFFIC (Vancouver) shows, allowing conference attendees at all three events and online participants from around the world to be a part of the action.   All proceeds will go to the charity of the buyer’s choice.

“With the launch of .CO, we are witnessing the introduction of one of the most valuable domain extensions on the market — one that provides so many unique branding opportunities for Internet users across the globe,” said Kathy Nielsen, director of sales at Sedo.com.   “We are excited to be part of this historic event and hope to leverage this unique opportunity to continue educating the market on the critical role a domain name strategy plays in the success of any marketing campaign.”

The .CO extension has been named one of the most highly anticipated domain launches since .COM, because of the infinite opportunities it provides Internet users, and its instant appeal given short, meaningful names are so rare and difficult to obtain. Considered a unique and exciting alternative to the .COM extension, .CO has many potential uses for Internet users looking to build or expand their brand online.

Many different types of organizations will be able to benefit from what .CO has to offer, including companies, communities, corporations and other commercial and/or non-profit endeavors.   Some early adopters that have already started building websites on .CO domains include the popular political website Politico.com, which recently launched a branded url shortener at politi.co; and the popular blog TechCrunch, which is hosting the TechCrunch Disrupt 2010 conference at www.Disrupt.co.

The E.CO auction marks the beginning of a new era online — it is the very first .CO domain auction available, providing Internet users with a limited opportunity to purchase one of the shortest, most meaningful domain names in the world.   Domain names of this nature are highly valuable because they are more memorable and extremely rare, presenting an incredible branding opportunity for marketers to successfully build or extend their web presence.

“Since the dawn of the Internet, the letter “e” has come to signify all things electronic – from email and e-commerce to online exploration, education and entertainment – and everything in between,” said Juan Diego Calle, CEO of .CO Internet S.A.S.   When paired with the .CO domain, the letter “e” takes on an even greater significance – offering buyers “perhaps the shortest, most memorable digital brand in the world – a domain name with endless possibilities.”

“We are very excited to be working with a strong partner like Sedo to help us introduce the .CO domain to the world,” said Calle,   “and we are confident that our work together will raise a lot of money for a very worthy charity – which is simply a fantastic way to celebrate our upcoming launch!”

To learn more about the .CO domain and the E.CO auction, please visit: www.e.co

About .CO
.CO Internet S.A.S. is the Registry Operator for the .CO top-level domain.   .CO Internet was formed by a strategic venture between Arcelandia S.A. and Neustar, Inc. The .CO domain offers individuals and businesses a truly global, recognizable and credible option in branding their online presence. Thanks to leading-edge technology, enhanced security and unprecedented rights protections for trademark owners, the .CO domain is poised to become the world’s next premier web address. For additional information, please visit www.COinternet.co.

About Sedo
Sedo, an acronym for “Search Engine for Domain Offers,” is the leading domain marketplace and monetization provider.   Headquartered in Cambridge, Mass., Sedo has assembled the world’s largest database of domain names for sale, with more than 16 million listings.   The success of Sedo’s model has attracted a global membership base of more than 1 million domain professionals.   Sedo is owned by Sedo Holding AG (ISIN DE0005490155 / German WKN: 549015), which is part of the German United Internet AG (ISIN DE0005089031/ WKN 508903).   Sedo offers regional versions of its site for the UK (Sedo.co.uk), France (Sedo.fr), Germany (Sedo.de), and Spain (Sedo.com).   For additional information, please visit them online at www.Sedo.com or on Facebook at www.Facebook.com/Sedo and on Twitter at www.Twitter.com/Sedo.

Hire a Domain Consultant

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A couple of years ago, I began domain consulting with a couple of small businesses and a few private domain investor clients, focusing on their domain acquisitions and sales. My clients were either looking to acquire a specific domain name, purchase a specific type of domain name, or they wanted to sell/value some of their domain assets. In the last several months, I’ve been more focused on my own business growth, and I only work with one client.

Hiring a domain consultant can be a very smart idea for a business. A domain consultant can help a business save money by getting the best possible price for domain names, especially when negotiating with larger portfolio holders with whom the consultant has done business with before. Domain negotiations are unique, and most professional domain consultants have the experience to get deals done privately and at the right price – both on the buy and sell side.

Many domain investors own domain names that are aren’t critical to their business, and selling them can bring liquidity without hurting the company’s portfolio. Knowing where to sell the domain names (auction, private sale, broker…etc) is important, as is setting the right price. Domain consultants can advise the domain owner about where the best place to sell a particular domain name is based on a variety of factors. Consultants know the market, know many of the buyers in the domain industry, and know how to open doors and close deals.

Underperforming domain names are also a problem for domain owners. A domain consultant may know where the best place is to park specific types of domain names, and the consultant may be able to help you better optimize your landing page. Some domain consultants can also help build you custom landing pages for your parked domain names as well. You may also be able to get a better revenue share with a parking company based on the consultant’s experience.

Although I am not looking for new domain consulting jobs or clients, there are a number of top domain consultants who may be able to help. Here are a few people that I know (this is not an endorsement):

When looking to hire a domain consultant, I recommend asking the following questions and evaluating the answers based on your own needs:

  • What is your experience with something similar to this project?
  • Have you worked with XYZ company before?
  • Have you sold similar domain names and at what prices (price may be confidential)?
  • Can you provide 2-3 letters of reference?
  • Do you charge hourly, by job, on retainer, what is your fee?

Testing Two Domain Sales Venues

Although I prefer to sell domain names in private, I list domain names for sale on my blog and in a couple of other locations when my domain names don’t quickly sell. I have tested one paid venue for my domain sales, and I am going to test a second venue soon.

I recently tested three sponsored headlines at Domaining.com, which cost $80 for the day (each). Although none of the listings yielded a sale, they did bring additional traffic to my blog. I sold WanChai.com, although it was to a private client rather than as a result of the listing. A few people contacted me after the domain name was already sold, but I don’t know if it was a result of the Sponsored Listing exposure. I like the fact that a Sponsored Listing gets prominent placement for a day in the Domaining.com newsletter.

I am going to test another sponsored listing in another venue beginning later today or tomorrow. I am going to buy a “sticky” thread in DNForums Fixed Price sales section, which costs $200 per month. This thread stays at the top of that particular forum for 30 days, and it should give added exposure to domain buyers. I plan to list a wide variety of domain names for people of every budget to test the ROI.

As with just about everything I do, I will keep you posted on how the sale goes.

Sedo Nominated for Bridging the Gap Between Domain Owners & Trademark Interests

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SedoOftentimes, trademark holders and domain owners or investors have opposing viewpoints on domain ownership. Both parties frequently feel that they have the right to specific domain names, and the battles to get them can either be fought through a mediation-esque procedure like UDRP or through the legal system.

Recently, Sedo along with Google, Yahoo, Overstock.com and Research In Motion were nominated for a 2010 World Trademark Review (WTR) Industry Award for Internet & Online Services in the category of Legal Team of the Year. According to the press release I received, Sedo was nominated “for its ability to educate and counsel businesses on how to protect their own intellectual property (IP) rights and expand their brands online.

Sedo has been in the middle of many high profile public domain sales, and they have also acted as the broker for a significant amount of private domain sales that will never be reported. Many of these sales are made between trademark interests and domain owners, and the company is able to work out a fair agreement between differing philosophical opinions on domain ownership rights.

There are many groups that work for and with trademark interests, and some seem to prefer to bully and battle domain owners rather than work together with them. Sedo seems to be bridging the gap between trademark holders and their interests, and domain owners and investors.

Saturday Afternoon (Hangover) Updates

Good afternoon and happy Saturday! Here are some updates for this fine weekend.

  • I don’t own any .tv domain names, but if you do buy this type of domain name, you might want to check out Latonas.com. There is an auction of top .tv domain names right now, including England.tv, Breasts.tv, Government.tv, and more.
  • Ever notice when you go out and tell people what you do, there will be someone who mentions how they had the chance to buy great generic domain names back in the day but for some reason didn’t?
  • I was at a party last night and met an original domain investor. He was the original registrant of Today.com, Shop.com, Office.com,   Information.com, and a bunch of other names that he sold several years ago. I was a bit leery of his story as a few other people have mentioned similar things to me in the past that turned out to be false, but when he mentioned that he still owns VO.com, Insurance.net, Hospital.net and Broker.net, the info matched up. He doesn’t consider himself a domain investor.
  • You know it’s a late night when you get home well past midnight and you start receiving your typical morning email notices like drop lists, domain transfer status updates, and Asia-based emails before you go to bed.
  • Some of my new domain acquisitions this month include GolfPros.com, HorseSupply.com, HorseStable.com, and NewYorkCityDogRuns.com (hand registered and developed).
  • As I previously mentioned, I have been working with WhyPark to help increase the revenue on TropicalBirds.com. My biggest regret is that I didn’t do it sooner. The site went from making around $1-2/day with Adsense to a projection of over $160 in May (over $5/day). It’s only been up for a 2.5 months or so, but as the site continues to optimize, revenue has been increasing.

The $200,000 Sale of MonaLisa.com That Almost Never Happened

Sedo just announced (via DNW) the successful brokerage sale of the domain name MonaLisa.com for $200,000. The domain name is currently registered to its Domain Transfer email, so I am fairly certain the deal is nearly completed.

If you have a look at the archives in DNForum, there’s a thread started by the “mysterious” Kuwaiti domain investor, elequa (also known as Thunayan Khalid Al-Ghanim of Future Media Architects). In the thread, Thunayan mentioned that he was bidding on the domain name at “NW,” a Dotster subsidiary, although he did not win. At that time, the domain name sold for around $15,000. Had Thunayan prevailed in the auction, the domain name would never have been resold, as his company does not sell any of its domain names.

Funny enough, someone who goes by the nickname “DomainGoon” (sarcastically) asked, “the real question is, how many years would take to make $15,000 back using that domain?” I guess the answer is 7 years, for more than 1,000% return on that $15,000 investment.

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PS: Thunayan – call me… I will be in your neck of the woods in 10 days. 🙂

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